
Nauru faces uncertain economic future as asylum seekers leave and the money dries up
ABCRegional leaders attending the annual Pacific Islands Forum have gathered on the tiny island of Nauru, one of the few countries to have been both the richest and the poorest in the world in the last 50 years. Key points: Nauru first became the site of an Australian-funded processing centre in 2001 It draws revenue from the visa fees it charges per asylum seeker and Australian aid Nauru's economy contracted last financial year by about 3 per cent because of reduced refugee numbers An economic windfall in the form of vast phosphate deposits saw Nauruans enjoy one of the highest GDP figures per capita of any country when the nation gained independence in the 1960s. Last year, Senate committee figures showed Australia's offshore processing facilities on Manus and Nauru had cost the government almost $5 billion since 2012. Nauru's economy contracted last financial year by about 3 per cent, and it's not expecting any growth this year either, citing "uncertainty" about the number of refugees and the operation of the RPC. Nauru has some phosphate left — called "secondary deposits" — but the Government said in its recent budget that the economic viability of a proposed operation to mine it "has yet to be proven".
History of this topic

Legal challenge launched to Australia's paid deportation to Nauru
ABC
Rights groups slam Australian plan to transfer criminals to Nauru
Raw Story
Australia plans to deport 3 violent criminals to Nauru
Associated Press
Nauru to take non-citizen NZYQ cohort freed from immigration detention
ABC
A teenager is among the first boat arrivals sent to Nauru in nine years
ABC
End Days for Australia’s Nauru Detention Center?
The Diplomat
Australia ends migrants housing deal with Papua New Guinea
Associated Press
What now for asylum seekers on Nauru and Manus Island in need of medical evacuation?
ABC
Shock statistic that proves Australia wants children and their families OFF Nauru
Daily Mail
Asylum seeker doctor removed from island as Nauruan Government blocks medical evacuation
ABC
Refugee crisis rears its head at Commonwealth Games on Gold Coast
Daily Mail
Australia to pay $53m to Manus Island asylum seekers
Al Jazeera
Australia poised to announce refugee resettlement deal with United States
ABC
Nauru detention centre concerns downplayed by Department of Immigration
ABC
Nauru: Australia’s Guantanamo Bay?
Al Jazeera
Nauru’s detention centre: ‘Many of us think of suicide’
Al Jazeera
Powerful Nauru families benefiting from Australian-funded refugee processing centre
ABC
Stopping offshore detention, imposing time limits could save billions of dollars, data shows
ABC
A tragic day for both asylum seekers and the law
ABC
Immigration detention times on Nauru and Manus Island blow out to 450-day average under Liberals
ABC
Cost of offshore detention centres on Nauru, Manus Island blows out by $100 million: Immigration Department annual report
ABC
Nauru asylum seeker announcement not related to High Court challenge, Peter Dutton says
ABC
Activist group leads rally, says Nauru, Manus Island detention centres must be closed
ABC
More refugee claims processed for asylum seekers on Nauru
ABC
First group of asylum seekers granted refugee status on Nauru
ABC
Niue rejects plan to house Australian asylum seekers
ABC
Nauru media visa fee hike to 'cover up harsh conditions at Australian tax-payer funded detention centre'
ABC
Nauru agrees to settle refugees for Australia
Associated Press
Asylum seekers continue protests on Nauru
ABC
Nauru hikes asylum seeker visa costs
ABC
Asylum seekers to be processed under Nauruan law
ABC
Nauru wants guarantees on asylum seekers' treatment
ABC
Nauru Foreign Minister reacts to asylum seeker arrivals
ABC
Nauru pledges support for asylum seeker needs
ABC
Bowen signs Nauru processing agreement
ABC
Nauru asylum seekers' 'tent city' almost ready
ABCNauru bows to US and shuts down its banks
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